Debts and DeficitsWatch the following video, visit the following to links and answer the questions that follow in 250+ words minimum.U.S. Debt Clock: www.usdebtclock.org (Links to an external site.)World Debt Clocks: https://www.usdebtclock.org/world-debt-clock.html (Links to an external site.)Please answer the following questions in detail (one-sentence answers do not count here):What factors contribute to debt? Provide a detailed, thoughtful explanation here.What is the relationship between deficits and debt?Is a large deficit or debt bad for an economy? Why or how?How do economists define a debt problem?What happens to the debt ceiling as our national debt starts to approach it?What is the solution to lower deficits and national debt and why or why are we not able to achieve that solution?
